Bitcoin Drops to $81,125, Erasing Half of September's Gains
- —BTC slid 2.67% to $81,125, now 5.6% below its September 21 peak of $87,354
- —Spot Bitcoin ETFs posted $484.9 million in outflows on October 7, the largest since June
- —24-hour liquidations hit $429 million, with $375.37 million (87.5%) in longs
- —Pressure came from Brent near $100, 30-year Treasury yields and hawkish Fed minutes
Why it matters: A daily close below $82,626 could confirm a deeper correction toward $79,700–81,200 ahead of the Fed meeting on October 27–28.
Source: Crypto Economy